Pagaya Technologies Ltd. (PGY)
Nasdaq · Finance Services · Finance, insurance and real estate · CIK 1883085 · fiscal year ends in Dec
Closing price $20.80 on 29 Oct 2026; 52-week range $10.64 to $27.91.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $1.4B
- Revenue growth
- 20.5%
- Net income, last twelve months
- $126.8M
- Earnings per share
- $1.40
- Gross margin
- 43.4%
- Operating margin
- 24.9%
- Net margin
- 9.1%
- Free cash flow
- $251.8M
- Return on equity
- 21.3%
- Market value
- $2.0B
- Price to earnings
- 14.9x
- Cash
- $249.3M
- Debt
- $599.8M
- Debt to equity
- 1.64
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $1.3B | $263.8M | $81.4M | $0.93 | $224.7M | 10-K filed 2 Mar 2026 |
| FY2024 | 31 Dec 2024 | $1.0B | $66.8M | -$401.4M | -$5.66 | $30.0M | 10-K filed 12 Mar 2025 |
| FY2023 | 31 Dec 2023 | $812.1M | -$24.4M | -$128.4M | -$2.14 | -$41.8M | 20-F filed 8 Mar 2024 |
| FY2022 | 31 Dec 2022 | $748.9M | -$251.5M | -$302.3M | -$8.28 | -$62.4M | 20-F filed 20 Apr 2023 |
| FY2021 | 31 Dec 2021 | $474.6M | -$5.8M | -$91.2M | -$8.28 | $43.2M | 20-F filed 20 Apr 2023 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $387.0M | $45.3M | $0.49 |
| Q1 FY2026 | 31 Mar 2026 | $317.9M | $24.7M | $0.28 |
| Q4 FY2025 | 31 Dec 2025 | $334.8M | $34.3M | $0.40 |
| Q3 FY2025 | 30 Sep 2025 | $350.2M | $22.5M | $0.23 |
| Q2 FY2025 | 30 Jun 2025 | $326.4M | $16.7M | $0.20 |
| Q1 FY2025 | 31 Mar 2025 | $290.0M | $7.9M | $0.10 |
| Q4 FY2024 | 31 Dec 2024 | $279.4M | -$237.9M | -$3.36 |
| Q3 FY2024 | 30 Sep 2024 | $257.2M | -$67.5M | -$0.93 |
Company events
The newest 8-K filings of 35 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 29 Oct 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 5 Oct 2026 | 8-K | Investor update | 7.01, 9.01 |
| 18 Aug 2026 | 8-K | Shareholder vote | 5.07 |
| 30 Jul 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 7 May 2026 | 8-K | Results, Leadership change, Investor update | 2.02, 5.02, 7.01, 9.01 |
| 9 Feb 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 13 Jan 2026 | 8-K | Investor update | 7.01 |
| 5 Dec 2025 | 8-K | Other events | 8.01, 9.01 |
| 10 Nov 2025 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 2 Oct 2025 | 8-K | Material agreement, Agreement ended, New debt, Other events | 1.01, 1.02, 2.03, 8.01 |
| 7 Aug 2025 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
| 28 Jul 2025 | 8-K | Material agreement, Other events | 1.01, 8.01, 9.01 |
Every filing
The newest filings with the SEC of 196 held.
| Filed | Form | Period |
|---|---|---|
| 29 Oct 2026 | 8-K | 29 Oct 2026 |
| 5 Oct 2026 | 8-K | 5 Oct 2026 |
| 18 Aug 2026 | 8-K | 17 Aug 2026 |
| 30 Jul 2026 | 10-Q | 30 Jun 2026 |
| 30 Jul 2026 | 8-K | 30 Jul 2026 |
| 6 Jul 2026 | ARS | 31 Dec 2025 |
| 6 Jul 2026 | DEFA14A | – |
| 6 Jul 2026 | DEF 14A | 17 Aug 2026 |
| 26 Jun 2026 | PRE 14A | 17 Aug 2026 |
| 1 Jun 2026 | 10-K/A | 31 Dec 2025 |
| 7 May 2026 | 10-Q | 31 Mar 2026 |
| 7 May 2026 | 8-K | 7 May 2026 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 2 Oct 2026 | Rosen Tami, Director | Sale outside a trading plan | 1,986 | $17.83 | $35.4K | 13,414 | 5 Oct 2026 |
| 28 Sep 2026 | Vieira Cory, Chief Accounting Officer | Sale outside a trading plan | 2,170 | $17.04 | $37.0K | 25,160 | 29 Sep 2026 |
| 28 Sep 2026 | Das Sanjiv, President | Sale outside a trading plan | 14,300 | $17.04 | $243.7K | 173,864 | 29 Sep 2026 |
| 28 Sep 2026 | Dobres Jonathan, Chief Financial Officer | Sale outside a trading plan | 590 | $17.04 | $10.1K | 10,217 | 29 Sep 2026 |
| 18 Sep 2026 | Rosen Tami, Director | Sale under a trading plan | 8,504 | $20.38 | $173.3K | 15,400 | 18 Sep 2026 |
| 17 Sep 2026 | Dobres Jonathan, Chief Financial Officer | Sale outside a trading plan | 2,183 | $21.04 | $45.9K | 9,758 | 17 Sep 2026 |
| 12 Sep 2026 | Rosen Tami, Director | Sale outside a trading plan | 7,121 | $20.21 | $143.9K | 23,904 | 15 Sep 2026 |
| 12 Sep 2026 | Das Sanjiv, President | Sale outside a trading plan | 13,301 | $20.21 | $268.8K | 154,635 | 15 Sep 2026 |
| 12 Sep 2026 | Dobres Jonathan, Chief Financial Officer | Sale outside a trading plan | 582 | $20.21 | $11.8K | 7,566 | 15 Sep 2026 |
| 25 Jun 2026 | Dobres Jonathan, Chief Financial Officer | Sale outside a trading plan | 403 | $15.48 | $6.2K | 7,023 | 15 Sep 2026 |
| 2 Sep 2026 | Vieira Cory, Chief Accounting Officer | Sale outside a trading plan | 3,075 | $22.71 | $69.8K | 23,758 | 4 Sep 2026 |
| 3 Sep 2026 | Rosen Tami, Director | Sale outside a trading plan | 1,265 | $23.07 | $29.2K | 15,400 | 3 Sep 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 18 Sep 2026 | TAMI ROSEN, Director | 8,504 | $174.8K | 18 Sep 2026 |
| 3 Aug 2026 | SANJIV DAS, Officer | 21,289 | $468.4K | 3 Aug 2026 |
| 3 Aug 2026 | TAMI ROSEN, Director | 28,182 | $619.4K | 3 Aug 2026 |
| 22 Jun 2026 | TAMI ROSEN, Director | 9,944 | $155.3K | 22 Jun 2026 |
| 17 Apr 2026 | TAMI ROSEN, Director, Officer | 9,720 | $143.0K | 17 Apr 2026 |
| 19 Dec 2025 | TAMI ROSEN, Director, Officer | 15,625 | $358.3K | 19 Dec 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 13 Nov 2025 | Viola Ventures IV (A) L.P. | 13G amended | 0.8% | 499.2K |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 10.1M | -5.63% | 4.94 |
| 30 Sep 2026 | 10.7M | +5.68% | 3.73 |
| 15 Sep 2026 | 10.1M | -2.69% | 5.19 |
| 31 Aug 2026 | 10.4M | -8.38% | 4.78 |
| 14 Aug 2026 | 11.4M | -8.3% | 3.76 |
| 31 Jul 2026 | 12.4M | +2.54% | 4.18 |
| 15 Jul 2026 | 12.1M | +11.44% | 3.59 |
| 30 Jun 2026 | 10.9M | -20.21% | 2.45 |
Funds that hold it
From each fund's latest Form 13F.
266 funds held it at 30 Jun 2026: 126 added and 63 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Frontier Capital Management Co. LLC | 2,296,417 | $41.9M | +2,099,721 |
| Millennium Management LLC | 2,286,864 | $41.7M | +1,412,166 |
| American Century Companies Inc. | 1,887,696 | $34.5M | +192,836 |
| Aquamarine Financial (Cayman) Ltd | 1,771,209 | $32.3M | +1,771,209 |
| Allspring Global Investments Holdings, LLC | 1,645,317 | $30.9M | +616,236 |
| Vanguard Portfolio Management LLC | 1,258,658 | $23.0M | -457,670 |
| BlackRock, Inc. | 1,102,478 | $20.1M | -3,368,432 |
| HS Investments IV Ltd | 1,097,894 | $20.0M | 0 |
| Arrowstreet Capital, Limited Partnership | 1,049,229 | $19.1M | +1,049,229 |
| Morgan Stanley | 948,534 | $17.3M | -453,033 |
Peers
Companies in the same industry.
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